secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001481792-23-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quad/Graphics Q3 net loss $3M; sales down 16%; lowers FY net sales guidance
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- Q3 net sales $700M, down 16% vs $830M YoY; net loss $3M ($0.06 loss per share) vs net earnings $14M.
- Adjusted EBITDA $57M in Q3 vs $69M YoY; adjusted diluted EPS $0.11 vs $0.32.
- Nine-month net sales $2.2B (-7%), net loss $33M, Adj EBITDA $168M, Adj EPS $0.28.
- FY net sales guidance lowered to 7%-9% decline; Adj EBITDA narrowed to $220M-$240M; FCF $60M-$80M.
- Net debt $584M, down $132M over 12 months; year-end leverage target ~2.0x; $20M in share buybacks since Q2 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179223000053/0001481792-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179223000053/quad-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001481792-23-000053

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